Letter: Morale tale

WITH some considerable transport difficulties, I attended the recent RBS AGM, where many emotions were experienced, few of them pleasant.

The chairman informed shareholders that improvement in staff morale was of paramount importance.

However, it would take the average employee more than 300 years to earn one year of Stephen Hester's earnings, surely a body blow for morale.

I had intended to ask if any of the now departed "bad guys" or any of our new sweep-clean "good guys" had ever expressed a conscience about the dodgy Del Boy 2 a share deal taken up by many to help "our" bank out of a "minor" financial problem.

But I saw no point, since, by the tone of the chairman, the answer would have been "No" regardless of how he might have padded it out. There was much said about a return to dividends. In equity, this matter should be addressed first.

James McVicar

East Links Road

Dunbar